ECB's Holzmann: Rates are at neutral level, no reason to become accommodative

Source Fxstreet

European Central Bank policymaker Robert Holzmann, who dissented to the ECB's decision to cut key rates by 25 basis points after the March meeting, argued on Wednesday that they don't need to become more accommodative, per Reuters.

"We had assumed inflation would come down," Hozlmann said. "As we are neutral and inflation is converging to target, there is no reason to become accommodative."

Market reaction

These comments don't seem to be having a noticeable impact on the Euro's performance against its major rivals. At the time of press, EUR/USD was up 0.25% on the day at 1.0820.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.26% -0.16% -0.10% 0.14% -0.43% -0.78% -0.08%
EUR 0.26% 0.12% 0.18% 0.41% -0.15% -0.53% 0.19%
GBP 0.16% -0.12% 0.08% 0.30% -0.26% -0.61% 0.08%
JPY 0.10% -0.18% -0.08% 0.22% -0.35% -0.71% -0.01%
CAD -0.14% -0.41% -0.30% -0.22% -0.56% -0.90% -0.21%
AUD 0.43% 0.15% 0.26% 0.35% 0.56% -0.36% 0.34%
NZD 0.78% 0.53% 0.61% 0.71% 0.90% 0.36% 0.70%
CHF 0.08% -0.19% -0.08% 0.00% 0.21% -0.34% -0.70%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
WTI drifts higher above $69.00 on Venezuela supply worriesWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.15 during the early Asian session on Wednesday.
Author  FXStreet
3 Month 26 Day Wed
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.15 during the early Asian session on Wednesday.
placeholder
GameStop's plan to issue $1.3 billion convertible notes to buy Bitcoin could boost crypto market and meme coinsVideo game retailer GameStop announced on Wednesday that it plans to issue senior convertible note offerings worth $1.3 billion.
Author  FXStreet
3 Month 27 Day Thu
Video game retailer GameStop announced on Wednesday that it plans to issue senior convertible note offerings worth $1.3 billion.
placeholder
Crude oil price today: WTI price bearish at European openingWest Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
Author  FXStreet
3 Month 27 Day Thu
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
placeholder
Gold: Tariff relief for the metal industry – INGGold hit a record high following the announcement of reciprocal tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.
Author  FXStreet
2 hours ago
Gold hit a record high following the announcement of reciprocal tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.
placeholder
Silver price today: Silver falls, according to FXStreet dataSilver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Author  FXStreet
2 hours ago
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
goTop
quote